GoKawiilBinance says $6.3bn in assets hit by suspected hack, withdrawals halted
Binance disclosed a security incident affecting roughly $6.3bn of assets on its main platform, saying about half has since been frozen with help from other crypto firms. The exchange said early investigation points to a compromised engineer's laptop enabling unauthorised withdrawals, and it has suspended withdrawals while verifying the platform is secure. Binance.US said it was unaffected, and Binance pledged to cover all losses and release a full report once the probe concludes.
GoKawiil's interpretation of the reporting above, not reported fact.
If confirmed, this could become the largest crypto exchange hack on record, surpassing the $1.5bn Bybit breach linked to North Korea, which may intensify scrutiny of exchange security practices. Former Binance chief Changpeng Zhao's comment that it 'looks like a hack' adds credibility concerns even as official conclusions are pending, and the sharp drop in bitcoin and other major tokens suggests investor confidence in exchange safety could be shaken more broadly.
- Binance says a security incident has impacted about $6.3bn in assets on Binance.com, with roughly half frozen.
- Early findings suggest a compromised engineer's laptop allowed unauthorised withdrawals; withdrawals are currently suspended.
- Bitcoin, Ethereum and Solana all fell sharply after the disclosure, and Binance has pledged to cover all losses.
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Published there as: “Binance says crypto worth $6.3bn impacted in suspected hack”
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